Equivalent Units; Weighted-Average Method Washington State Fisheries, Inc., processes salmon for various distributors. Two departments, processing and packaging, are involoved. Data relating to tons of salmon sent to the processing department during May follow:

_______________________________________________________________________________________________________ Percent Completed _________________

Tons of Salmon Materials Conversion _______________________________________________________________________________________________________

Work-in-process inventory, May 1 1000 80% 70% Work-in-process inventory, May 31 2000 50 30 Started processing during May 7000 _______________________________________________________________________________________________________

1) Calculate the number of tons completed and transferred out during the month.

2) Calculate the number of equivalent units for both materials and conversion for the month of May, assuning that the company uses the weighted-average method.

3) How would your answer in part 2 change if the percentage of completion in ending inventory were as follows: materials 30%, conversion 40%?

4) Explain briefly why process costing is appropriate in the fish processing industry.